Good night everybody…Are you able to please recommend good brokers aside from Zerodha?I primarily am dealing in fno, and use pledged devices (principally gsecs, and a few shares) for buying and selling in fno…I’ve a comparatively small account, and the truth that I’ve to promote heaps first after which solely I’m capable of purchase heaps for hedging is killing me in brokerage…The factor that may be performed in beneath 100 rs brokerage, is being performed in a number of occasions this quantity…I like Z lots, however that is simply killing me.Can somebody please recommend the place I ought to shift to?I want pledging of gsecs and shares, basket orders for fno and good order executions.Thanks…
You appear to have a price drawback. Im undecided shifting would handle this. Though you’ll be able to take a look at Kotak Neo. It’s creating some buzz these days. With others, simply don’t fall into the BNPL lure.
The one drawback I’m going through is that I’ve to promote heaps first when I’ve to create a method…attributable to oi drawback in Zerodha…In any other case if I should buy heaps first, I get the margin profit and the entire order may be executed in a single go…However attributable to OI drawback in Zerodha, I’ve to promote say 10 heaps, then purchase hedge 10 heaps…then repeat, then repeat…This course of is simply killing me in brokerage…So, if anybody can please information me the answer for this drawback…Thanks
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Hey you should purchase in MIS after which change to NRML Later when you’ve got equal promote positions
eg, purchase hedges MIS, promote positions (Eg strangles) in MIS
Then when you’ve got obtainable margin to take bare promote positions, you’ll be able to change couple of offered positions to NRML first utilizing the convert choice, then it’s going to mean you can change the hedges to NRML since you might have open bare promote NRML place
in easy phrases for an IC
Purchase hedges Atm+/- 500 in MIS (full qty)
take promote positions atm +/- 100 in MIS (full Qty)
Change eg 2 a number of offered MIS to NRML
Change 2 a number of hedges from MIS to NRML
Repeat 3 and 4 until it will get over
Though little time consuming, its definitely worth the time if you happen to dont wish to transfer out because of this
Thanks for the responses…What are viable choices if I wish to transfer out?I want pledging, basket orders and good order executions for fno…
For f&o you must strive Finvasia/shoonya. They provide brokerage free buying and selling which may also help you save lots on month-to-month foundation if you’re a frequent dealer or commerce in great amount.
@Hardeep You may strive Orbis as your clearing member. However as of now pledging wont work if you happen to select orbis.However Zerodha is promising that they’re within the strategy of getting their CP code as nicely. That will remedy the issue of buying and selling on pledged margin.
@VenuMadhav @mohitmehraFolks are askng fot it.
How lengthy will it take?
Ive been asking for it for six months now.
Please look into it!
Thanks to your responses.Orbis gained’t work for me…I want pledging.I additionally want basket orders and good order executions…I’ll look into finvasia as advised…What may be different options?How is fyers, if somebody has used it?
iam personally utilizing 5paisa, it’s best for my part after zerodha.
Look into this. Zero brokerages on shedding trades,Pay solely once you revenue.
Finest is open account and see for your self. Shut account if not happy. Else you ll preserve asking round and never discover any passable solutions.
I’ve used Zerodha, upstox, finvasia, sasonline, fyers, aliceblue. Have settled with Espresso since their inception 3 years in the past.
See, what suits your buying and selling type. That’s the one solution to discover out.